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Author Topic: [XMR] Monero Speculation  (Read 3313487 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (2 posts by 1+ user deleted.)
stoat
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August 12, 2015, 08:49:32 PM
 #7941

This thread is pure comedy.  Your shitcoin is getting wiped out by ETH. No more new money for your shitcoin. Might as well pack up those bags you're holding and fuck off home eh?

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rpietila
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August 12, 2015, 08:52:58 PM
 #7942

This thread is pure comedy.  Your shitcoin is getting wiped out by ETH. No more new money for your shitcoin. Might as well pack up those bags you're holding and fuck off home eh?

Your experience in cryptocurrencies seems to extend all the way back to last Wednesday. If that is the perspective, yes you are correct. Some of us have been a few years longer in the scene, so that might have affected our thinking. Welcome! Smiley

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smooth (OP)
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August 12, 2015, 08:56:16 PM
 #7943

This thread is pure comedy.  Your shitcoin is getting wiped out by ETH. No more new money for your shitcoin. Might as well pack up those bags you're holding and fuck off home eh?

I think you posted on the incorrect thread by mistake because I don't see how +3.5% is "getting wiped out"



Maybe you meant to post over here



stoat
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August 12, 2015, 09:17:13 PM
 #7944

This thread is pure comedy.  Your shitcoin is getting wiped out by ETH. No more new money for your shitcoin. Might as well pack up those bags you're holding and fuck off home eh?

I think you posted on the incorrect thread by mistake because I don't see how +3.5% is "getting wiped out"



Maybe you meant to post over here





Maybe once your technologically illiterate users find out there's a new game in town they'll abandon ship.  Might not be for a few weeks until ethereum gets a gui and the auger crowdsale happens then it bye bye moneroshit hopefully forever.

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smooth (OP)
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August 12, 2015, 09:22:37 PM
 #7945

Maybe once your technologically illiterate users find out there's a new game in town they'll abandon ship.  Might not be for a few weeks until ethereum gets a gui and the auger crowdsale happens then it bye bye moneroshit hopefully forever.

That's certainly a strong prediction. You might want to consider shorting. It can be profitable under the right circumstances.


stoat
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August 12, 2015, 09:27:09 PM
 #7946

Maybe once your technologically illiterate users find out there's a new game in town they'll abandon ship.  Might not be for a few weeks until ethereum gets a gui and the auger crowdsale happens then it bye bye moneroshit hopefully forever.

That's certainly a strong prediction. You might want to consider shorting. It can be profitable under the right circumstances.




I'm not a trader I'm a hodler.  Heed my warnings.

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smooth (OP)
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August 12, 2015, 09:30:50 PM
 #7947

Maybe once your technologically illiterate users find out there's a new game in town they'll abandon ship.  Might not be for a few weeks until ethereum gets a gui and the auger crowdsale happens then it bye bye moneroshit hopefully forever.

That's certainly a strong prediction. You might want to consider shorting. It can be profitable under the right circumstances.




I'm not a trader I'm a hodler.  Heed my warnings.

Good to hear. Do you have any other relevant information to add before you leave?
stoat
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August 12, 2015, 09:35:00 PM
 #7948





Good to hear. Do you have any other relevant information to add before you leave?

Yes. Sell moneroshit and buy ETH or end up in the poorhouse.

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americanpegasus
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August 12, 2015, 09:53:02 PM
 #7949



Good to hear. Do you have any other relevant information to add before you leave?

Yes. Sell moneroshit and buy ETH or end up in the poorhouse.
 
 
Goodness! I had done all this research, and spent time looking into the code and history of Monero, and I've spent so much effort making sure my investment in Monero was at least based on fair principles, even if the venture failed on its own legs.  
  
Ethereum?  I had decided to stay away, initially.  A massive pre-sale, plus new allegations of an additional premine.... It just didn't add up to me.  
  
This position was obviously ill founded.  
  
Obviously, despite my hundreds of hours of research and diligence, I am wrong.  
  
Understanding is evidently not acquired through careful analysis but by listening to the whispers and winds of bitcoin talk.
  
Thank for you taking the time to create a new account and educating us old fools on the light and truth.  I have seen the light.  And now that you have read this, I kindly bode you to read the first letter of every paragraph.  

Account is back under control of the real AmericanPegasus.
rpietila
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August 12, 2015, 10:14:28 PM
 #7950

And now that you have read this, I kindly bode you to read the first letter of every paragraph.  

Brilliant. You should consider joining CK, might like it...   Wink

HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
smooth (OP)
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August 12, 2015, 10:29:14 PM
 #7951

True. 80% of monero mining power comes from botnets. These people (mostly chinese) don't care about 5% - 15% price difference. I dont think this will change anytime soon Sad

It would be helpful if you could provide conclusive proof of this number, or even any proof at all.

I know of one independent observer who was hired to write hit piece about Monero being mined by botnets last year. His conclusion:

They asked me to investigate into accusations that Monero was mined exclusively (or almost exclusively) with malware powered botnets.
Instead, I found evidence that it was mostly mined with cloud computing. You can tell because the difficulty (at least around summer 2014) would mirror the prices at Amazon. When it went up, the difficulty went down and when it went down the difficulty went up.
When I tried to write that story, they killed it, so it never got published

In other words, the constant loud chorus we heard last year of "Botnets! Botnets! Botnets!" was a complete and utter load of horseshit, which is exactly what I said at the time based on my analysis of mining costs and difficulty. I still think think it is horseshit today. Although the difficulty and costs don't support cloud mining any more, they do support mining with reasonably-efficient hardware at reasonably-low electricity prices, even with a bit of a profit. If mining were dominated by botnets, that would not be the case.

There are probably botnets, of course, but nowhere near 80%. If much of the mining is Chinese, which is may be (I don't know) that is probably GPU farms that got repurposed from Scrypt. Or maybe something else, but not botnets.
americanpegasus
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August 12, 2015, 10:39:28 PM
 #7952

And now that you have read this, I kindly bode you to read the first letter of every paragraph.  

Brilliant. You should consider joining CK, might like it...   Wink
 
  
Well, since I'm being invited by the founder, how can I say no?  
  
I will try it this week.  In my life, I've spent $30 in real money on bitcoin fucking billionaire, another $20 on Infinity Blade games, and at least $200 that one time back in 2012 I got addicted to MapleStory (addictive Korean cyber crack -  stay away!).  
  
I can drop a few dollars on the first major Monero based game world.  I'm assuming you are planning ahead to future mobile development, because that's the gold mine.

Account is back under control of the real AmericanPegasus.
nioc
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August 12, 2015, 10:50:28 PM
 #7953

Just received some btc which is earmarked for XMR purchases.  That should guarantee we don't see the 220's again. Grin

Keep it easy, pal. I'm trying to load up here.  Wink

srsly, lemme get some more cheap coinz!

Sorry that's not how I meant it.  My purchases will not be that big. 

I was commenting on my luck.  I buy when I have btc and that usually coincides with the price going up.  Although I was able to get some in the .00195>.00220 range before the recent rise from there.

I have been building my Monero house brick by brick and was doing so last when the price was considerably higher than more recently.


You guys can relax Smiley
SmoothCurves
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August 12, 2015, 11:10:33 PM
 #7954

Humm 1 BTC = 420 XMR. Must be a sign? Time to buy some more.  Grin
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August 12, 2015, 11:13:30 PM
 #7955

And now that you have read this, I kindly bode you to read the first letter of every paragraph.  

Brilliant. You should consider joining CK, might like it...   Wink
 
  
Well, since I'm being invited by the founder, how can I say no?  
  
I will try it this week.  In my life, I've spent $30 in real money on bitcoin fucking billionaire, another $20 on Infinity Blade games, and at least $200 that one time back in 2012 I got addicted to MapleStory (addictive Korean cyber crack -  stay away!).  
  
I can drop a few dollars on the first major Monero based game world.  I'm assuming you are planning ahead to future mobile development, because that's the gold mine.

I'd Like to join CK too. How does one join?
canth
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August 13, 2015, 12:46:44 AM
 #7956

This thread is pure comedy.  Your shitcoin is getting wiped out by ETH. No more new money for your shitcoin. Might as well pack up those bags you're holding and fuck off home eh?

Dude...do some homework. ETH is an interesting tool to pave the way for smart contracts, prediction markets, etc but it doesn't do shit for privacy. It's also premined liked crazy, making it a dubious instrument for competing as money.

saddambitcoin
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August 13, 2015, 01:45:23 AM
 #7957

I'd Like to join CK too. How does one join?

To join just PM me with your desired name, age and sex for your character. If you don't feel imaginative, many people just use their username.

I will reply with some good references for new players and your deposit info.

americanpegasus
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August 13, 2015, 02:10:32 AM
 #7958


Account is back under control of the real AmericanPegasus.
XMRpromotions
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August 13, 2015, 02:12:12 AM
 #7959



Nice job on the graphic edits!  I see we are in agreement about still being in the innovators stage
https://twitter.com/XMRpromotions/status/631644679948255233

Don't buy Monero: https://twitter.com/MoneroPromotion/status/746006420508729344

XMR: 43hPTYyKarCTWyh4ZnMVn8AtFeEmtzTXo3Y6TGGMV26BWonJ4tpR7eP9RkUDYQbvg6LbrnMXWfghddE NGtvKxr7B5oML4qd
kazuki49
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August 13, 2015, 02:41:05 AM
 #7960


Dude...do some homework. ETH is an interesting tool to pave the way for smart contracts, prediction markets, etc but it doesn't do shit for privacy. It's also premined liked crazy, making it a dubious instrument for competing as money.

+1 it looks cool but its not in the same market as Monero and for being premined I'll be keeping away forever.
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